Ryanair Holdings plc Capital Reinvestment Ratio
Ryanair Holdings plc capital reinvestment ratio. Ryanair Holdings plc (RYA) has a Capital Reinvestment Ratio of 1.53x as of September 2025, meaning it reinvests 2% of its operating cash flow (€320.90 Million) in capital expenditures (€490.50 Million). See RYA free cash flow generation to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Capital Reinvestment Ratio of Ryanair Holdings plc (1996–2025)
Capital reinvestment ratio of Ryanair Holdings plc from 1996 to 2025. This chart tracks Ryanair Holdings plc's Capital Reinvestment Ratio across 29 annual periods. See financial flexibility index of Ryanair Holdings plc to measure the company's free cash flow as a share of total liabilities.
Ryanair Holdings plc Capital Reinvestment Ratio by Year (1996–2025)
Ryanair Holdings plc capital reinvestment ratio by year from 1996 to 2025. For the full cash flow conversion analysis, see RYA operating cash flow.
| Year | Reinvestment Ratio | Operating CF (EUR) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.45x | €3.42 Billion | €1.55 Billion | ▼ -40.0% |
| 2024 | 0.76x | €3.16 Billion | €2.39 Billion | ▲ +53.9% |
| 2023 | 0.49x | €3.89 Billion | €1.91 Billion | ▼ -19.2% |
| 2022 | 0.61x | €1.94 Billion | €1.18 Billion | ▲ +7.3% |
| 2020 | 0.57x | €2.11 Billion | €1.20 Billion | ▼ -28.6% |
| 2019 | 0.80x | €2.06 Billion | €1.64 Billion | ▲ +20.7% |
| 2018 | 0.66x | €2.23 Billion | €1.47 Billion | ▼ -12.5% |
| 2017 | 0.75x | €1.93 Billion | €1.45 Billion | ▲ +14.1% |
| 2016 | 0.66x | €1.85 Billion | €1.22 Billion | ▲ +41.3% |
| 2015 | 0.47x | €1.69 Billion | €788.50 Million | ▼ -3.6% |
| 2014 | 0.48x | €1.04 Billion | €505.80 Million | ▲ +59.5% |
| 2013 | 0.30x | €1.02 Billion | €310.70 Million | ▲ +6.7% |
| 2012 | 0.28x | €1.02 Billion | €290.40 Million | ▼ -75.1% |
| 2011 | 1.14x | €786.30 Million | €897.20 Million | ▼ -0.3% |
| 2010 | 1.14x | €871.50 Million | €997.80 Million | ▼ -32.6% |
| 2009 | 1.70x | €413.13 Million | €702.02 Million | ▲ +27.6% |
| 2008 | 1.33x | €703.90 Million | €937.12 Million | ▲ +134.0% |
| 2007 | 0.57x | €869.85 Million | €494.97 Million | ▼ -36.4% |
| 2006 | 0.89x | €610.57 Million | €546.23 Million | ▼ -23.3% |
| 2005 | 1.17x | €530.51 Million | €619.13 Million | ▲ +62.6% |
| 2004 | 0.72x | €462.06 Million | €331.60 Million | ▼ -46.4% |
| 2003 | 1.34x | €351.00 Million | €469.88 Million | ▲ +12.5% |
| 2002 | 1.19x | €333.75 Million | €397.23 Million | ▼ -23.3% |
| 2001 | 1.55x | €229.80 Million | €356.67 Million | ▲ +49.7% |
| 2000 | 1.04x | €149.57 Million | €155.10 Million | ▲ +19.0% |
| 1999 | 0.87x | €124.41 Million | €108.45 Million | ▲ +2.1% |
| 1998 | 0.85x | €92.05 Million | €78.55 Million | ▼ -88.1% |
| 1997 | 7.15x | €2.52 Million | €18.05 Million | ▲ +2284.6% |
| 1996 | 0.30x | €39.70 Million | €11.91 Million | — |